Announced Fri, 7 Aug · 16:28 IST
Brickwork assigns BWR AA/Stable rating for bank loan facilities
MUTHOOTCAP · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+0.8%1-day move
₹258.01
prior close
₹257.92
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+1.2+1.1+0.3-0.2+0.8+0.1-0.2-1.1+0.4-3.5-4.1-10.4——
Up moveDown movePending
AI summary
Brickwork Ratings has assigned a fresh BWR AA/Stable rating to Muthoot Capital Services bank loan facilities worth Rs 3,500 crores. This is a new assignment, not an upgrade or downgrade. About Rs 2,800 crores is current sanctioned limit and the rest is proposed. The rating factors in group support from Muthoot Pappachan Group, strong board, and comfortable capital adequacy with CRAR at 22 percent.
Likely market impact
Positive: gets an investment grade rating for the first time, supporting future borrowings and lowering funding costs for the vehicle finance NBFC.